Hennion & Walsh Asset Management Inc. trimmed its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 96.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,819 shares of the company’s stock after selling 226,166 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Schwab US Dividend Equity ETF were worth $711,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. Voisard Asset Management Group Inc. purchased a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at approximately $29,000. Raleigh Capital Management Inc. acquired a new stake in shares of Schwab US Dividend Equity ETF during the third quarter worth $28,000. Signature Resources Capital Management LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter valued at $32,000. Bear Mountain Capital Inc. acquired a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at $34,000. Finally, Venturi Wealth Management LLC acquired a new stake in Schwab US Dividend Equity ETF during the 4th quarter worth about $44,000.
Schwab US Dividend Equity ETF Stock Performance
Shares of SCHD stock opened at $77.45 on Wednesday. Schwab US Dividend Equity ETF has a fifty-two week low of $66.67 and a fifty-two week high of $80.82. The firm has a market capitalization of $54.33 billion, a PE ratio of 15.04 and a beta of 0.74. The stock’s 50-day simple moving average is $78.12 and its 200-day simple moving average is $77.65.
Schwab US Dividend Equity ETF Profile
The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index, a market-cap-weighted index of 100 dividend-paying US equities. SCHD was launched on Oct 20, 2011 and is managed by Schwab.
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